Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash.
In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. It also separately announced plans to raise $25 billion by selling stock and debt.
The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion. Its commercial airplane production has ground to a near halt by a month-long strike by 33,000 members of the International Association of Machinists.
Is this a reddit report for metal health issues because somebody said something you didn’t like?
Not at all, it just seemed like you might not be ok, given the way you wrote your comment and I just wanted to see if you are ok. How are you doing?
🤡
Straight up clowning, dog. ;)
is u one of them Boeing acolytes?
few years back could not say shit about this corposhitstain with out an brigade being triggered haha
times are changing ;)